CSLM Digital Asset Acquisition Corp III signs deal to take First Digital public in $250 million transaction
KOYN•First Digital signed a business combination agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III in a transaction valuing First Digital at $250 million before money. Closing is targeted for the first half of 2027.
1. Deal terms
First Digital signed a business combination agreement with CSLM Digital Asset Acquisition Corp III to go public. The deal values First Digital at $250 million on a pre-money equity basis, with closing targeted for the first half of 2027; the combined group is expected to trade on Nasdaq through a new Cayman Islands holding company.
2. First Digital figures
First Digital generated about $87 million in revenue for the fiscal year ended June 30, 2025. The company issues the FDUSD stablecoin and reported more than $4.7 trillion in cumulative trading volume as of June 30, 2026.
